PCCW Limited (HK:0008) has released an update.
PCCW Limited has announced the issuance of 1,347,791 new shares under its general mandate to fulfill the vesting of awards for selected employees, which represents a mere 0.0174% of the total shares in issue as of July 26, 2024. The shares will be held in trust by an independent third-party trustee and will be allotted at a nominal issue price of one HK cent per share, fully funded by PCCW, with no additional funds being raised through this allotment. This move is part of the company’s share award scheme, which is limited to 1% of the total number of shares and is not subject to shareholder approval or other conditions beyond the Stock Exchange’s listing approval.
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